3 Restaurant (Sage) & Apartments, 10 High Street

Westport, F28X726

Investment Property

Contact O'Toole & Co Chartered Surveyors

PSR Licence: 001318

+353 98 28000

O'Toole & Co Chartered Surveyors

PSR Licence: 001318

Additional Information

High profile town centre location
Substantial development of sq.m ( sq.ft)
Comprises ground floor restaurant and 3 Apartments overhead - 1 x 2 bed duplex, 1 x 2 bed and 1 x 3 bed apartment
Ground floor leased at € per annum with vacant possession of upper floors
Highly attractive investment with an ERV of c. € per annum
Highly reversionary and of interest to investors only

LOCATION

Located on the west side of High Street in the town centre of Westport. This is a mature mixed use location. Adjoining or nearby occupiers include McGing's Pub, The Clock Tavern, Bank of Ireland, a verity of cafes and a number of houses.

Westport is a thriving town located on the Wild Atlantic way. Renowned as a visitor/.tourist destination, Westport has grown significantly over the last 20 years to become a highly desirable location which to live, do business or visit. Well connected with road rail and within 50mins of Ireland West Airport. Key local employers include AbbVie, Portwest, Carraig Donn and the Westport Hotel Group.

DESCRIPTION

Comprises a substantial three storey terrace building constructed in c.1998. Arranged with a ground floor restaurant and on the first and second floor there are 3 no Apartments - 1 x 2 bed duplex, 1 x 2 bed and 1 x 3 bed apartment. The apartments are accessed via a self-contained doorway off a side entrance.

Constructed of rendered concrete block with concrete floors, double glazed hard wood windows under a slate roof. Ground floor restaurant has a double fronted timber and glazed shop front. The Restaurant is fully fitted out and operational with a long and successful established trade. The property benefits from a side entrance into a rear yard providing access to the apartment and for deliveries, etc. The Apartments could benefit from some refurbishment.

SERVICES

The property is connected to the following services

Sewerage - mains

Water - mains

Electricity - mains

Heating - Electric and one unit has gas central heating

FLOOR AREAS

Floor	Use	Floor Area sq.m	Total Floor
Ground	Restaurant
First	Apartment 1	89
First	Apartment 2	75
Second	Apartment 3	90

Total Floor Area			sq.m ( sq.ft)

TITLE - Freehold title subject to a single tenancy on the ground floor. Vacant possession to all 3 Apartments being provided.

TENURE – The ground floor restaurant is held under a lease which will be renewed for 25 years commencing 1^st January 2026 subject to a passing rent of €31,200 per annum exclusive. Vacant possession of the 4 no Apartments will be provided on completion.

PASSING & ESTIMATED RENTAL VALUES

Floor	Property	Tenancy	Rent / ERV
Ground			€
First	1	Vacant	€
First	2	Vacant	€
Second	3	Vacant	€
Second
Total ERV			€

Westport is within a Rent Pressure Zone and with the proposed changes to the residential rental sector coming into affect from 1^st March 2026, any prospective purchaser should take their own legal advice in relation to likely future rental income of this property.

ACCOMMODATION FOR EACH APARTMENT COMPRISES:


ENTRANCE HALL:	1.1m x 2.97m Plastered and painted walls, solid maple wood floor

HALLWAY:	6.52m x 1.1m Plastered and painted walls, timber floor

KITCHEN/LIVING ROOM:	6.4m x 3.68m Open plan. Plastered and painted walls, timber floor, pine kitchen units with tiled splashback, Formica worktop, stainless steel sink

HOTPRESS:	1.09m x 0.78m

BATHROOM:	1.88m x 3.25m Tiled walls, tiled floor, shower, wc, whb, wall mounted mirror, overhead shaving light

BEDROOM (1):	2.76m x 4.43m Plastered and painted walls, timber floor

ENSUITE SHOWER ROOM:	1.75m x 1.5m Tiled walls, tiled floor, electric shower, wc, whb

BEDROOM (2):	1.97m x 4.75m Small fitted wardrobe, polished timber floor, plastered and painted walls

GUIDE PRICE € ,000

INVESTMENT – This property represents an exceptional mixed use investment opportunity. At the quoted price once fully let and allowing for standard costs of c. € , would provide a net yield of about %.